Quit Pay Sample Clauses
The Quit Pay clause defines the financial obligations that arise when a party chooses to terminate a contract before its completion. Typically, this clause outlines the amount or formula for payment due upon early termination, which may include compensation for work performed, materials purchased, or other incurred costs up to the termination date. Its core function is to ensure that the terminating party compensates the other for losses or expenses resulting from the early end of the agreement, thereby allocating risk and providing financial clarity in the event of contract cessation.
Quit Pay. Employees who quit during a pay period must be paid in full within 72 hours (Saturday, Sunday and Holidays excluded).
Quit Pay. Employees who quit during the pay period shall be paid within seventy-two (72) hours either by picking up a check on the job, by registered or certified mail or through a representative of the Painters and Allied Trades District Council No. 36 or the Financial Secretary of the Local Union having jurisdiction.
Quit Pay. Employees who quit during the pay period shall be paid in accordance with the State law either by picking up the check on the job, by registered or certified mail, or through a representative of the Painters and Allied Trades District Council No. 36.